U.S. markets open in 30 minutes
  • S&P Futures

    +15.00 (+0.35%)
  • Dow Futures

    +83.00 (+0.25%)
  • Nasdaq Futures

    +75.75 (+0.51%)
  • Russell 2000 Futures

    +5.70 (+0.33%)
  • Crude Oil

    -1.64 (-1.84%)
  • Gold

    +2.40 (+0.13%)
  • Silver

    +0.13 (+0.60%)

    +0.0060 (+0.57%)
  • 10-Yr Bond

    -0.0630 (-1.31%)
  • Vix

    -0.33 (-1.67%)

    +0.0094 (+0.78%)

    -0.1770 (-0.12%)
  • Bitcoin USD

    +107.81 (+0.39%)
  • CMC Crypto 200

    -2.68 (-0.45%)
  • FTSE 100

    -4.97 (-0.07%)
  • Nikkei 225

    -711.06 (-2.28%)

U.S. tech firms urge Congress to allow internet domain changeover

By Dustin Volz WASHINGTON (Reuters) - Major technology companies including Facebook, Google and Twitter are urging Congress to support a plan for the U.S. government to cede control of the internet's technical management to the global community, they said in a joint letter dated on Tuesday. The U.S. Commerce Department has primary oversight of the internet's management, largely because it was invented in the United States. Some Republican lawmakers are trying to block the handover to global stakeholders, which include businesses, tech experts and public interest advocates, saying it could stifle online freedom by giving voting rights to authoritarian governments. The years-long plan to transfer oversight of the nonprofit Internet Corporation for Assigned Names and Numbers, or ICANN, is scheduled to occur on Oct. 1 unless Congress votes to block the handover. The California-based corporation operates the database for domain names such as .com and .net and their corresponding numeric addresses that allow computers to connect. In the Sept. 13 letter, a copy of which had been reviewed by Reuters before it was sent, the technology companies said it was "imperative" that Congress does not delay the transition. "A global, interoperable and stable Internet is essential for our economic and national security, and we remain committed to completing the nearly twenty year transition to the multi stakeholder model that will best serve U.S. interests," the letter said. Other signatories include Amazon, Cloudflare, Yahoo and several technology trade organizations. Former presidential hopeful Senator Ted Cruz of Texas, who leads the opposition against the handover, will hold a congressional hearing on Wednesday to review the transition, which he has criticized as a "giveaway of our internet freedom." Tech companies, technical experts and academics have said the transition is overdue and necessary to keep the Internet open and globally oriented, and that the proposal includes safeguards against any potential abuse by any one country. (This version of the story adds dropped word in fourth paragraph) (Reporting by Dustin Volz; Editing by Richard Chang)